DJ Drama and Don Cannon both took to Twitter on Friday in attempt to dispel the rumors. "Due to any confusion or contrary belief, Lil Uzi Vert is only "Signed" to Generation Now, LLC," Drama tweeted, while Cannon added, "Respectfully, we have alotta of love for Taylor Gang and Wiz, but Lil Uzi Vert is signed to Generation Now. Here is your answer."

According to an Atlantic Records press release from December 2015, Lil Uzi Vert signed a joint deal with Generation Now and Atlantic, who released Uzi's first commercial project, Luv Is Rage. This past October, Wiz Khalifa's Taylor Gang Entertainment inked a label deal with Atlantic.

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Representatives for Lil Uzi Vert, DJ Drama, Don Cannon, and Wiz Khalifa were not immediately available for comment.

Due to any confusion or contrary belief, Lil Uzi Vert is only "Signed" to Generation Now, LLC !